The global asparaginase side effects market size is expected to reach USD 2,619.3 Million in 2030 and register a revenue CAGR of 16.7%, according to the latest report by Reports and Data. Significant growth of pharmaceutical and food industries is one of the important factors expected to drive asparaginase side effects market revenue growth over the forecast period. In addition, market players are investing in research & development and production of asparaginase side effects to meet regulatory specifications with increasing demand. Some macroeconomic factors expected to have a positive impact on the global asparaginase side effects market include increasing population, rapid urbanization, and growing income in several countries across the world.
L-asparaginase side effects is an essential component of the first-line treatment for acute lymphoblastic leukemia (ALL), a type of aggressive blood cancer that is expected to affect over 6,150 people in the U.S. in 2022. Recently, L-asparaginase side effects has been found to have the potential to prevent metastasis from solid tumors as well. Recent advancements in manufacturing and formulation processes have a significant impact on product quality profile, such as contamination, aggregation, and enzymatic activity. Nanomedicine, including technologies such as encapsulation and immobilization, aims at improving asparaginase side effects pharmacokinetics.
Emerging economies, such as China, India, South Korea, Brazil, and Mexico, can offer significant growth opportunities to major market players, due to low regulatory barriers, improvement in healthcare infrastructure, increasing patient population, and rising healthcare expenditure.
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Some Key Factors Contributing to the Global Pharma & Healthcare Market Growth
Unprecedented revenue growth of the global pharma & healthcare industry is attributed to factors such as rising prevalence of chronic and acute diseases worldwide, increasing geriatric population, rising awareness of health & wellness among consumers, and growing demand for more advanced healthcare services. Increasing demand for advanced drugs and therapeutics, growing availability of next-generation diagnostics and treatment options – especially in developing countries like India and China – rise in R&D activities and clinical trials in the pharmaceutical and biotechnology sectors, increasing public and private investments in healthcare research projects, and rising consumer expenditure on healthcare are among the other significant factors contributing to the industry revenue growth.
Some Key Highlights from the Report:
- Based on source, the Erwinia chrysanthemi segment is expected register the fastest revenue growth rate over the forecast period. asparaginase side effects derived from Escherichia coli (E. coli) can cause allergic reactions in patients, which in turn, is increasing demand for asparaginase side effects obtained from Erwinia chrysanthemi. asparaginase side effects erwinia chrysanthemi was first approved by the Food and Drug Administration (FDA) in November 2011, to treat patients with acute lymphoblastic leukemia who are allergic to E. coli-derived asparaginase side effects, and it has been used as part of multi-agent chemotherapy. Furthermore, in June 2021, the recombinant form of asparaginase side effects erwinia chrysanthemi was approved by the FDA as a component of a chemotherapy regimen, to treat acute lymphoblastic leukemia and lymphoblastic lymphoma in adult and pediatric patients who are allergic to the E. coli-derived asparaginase side effects.
- Based on route of administration, the intramuscularly segment is expected to register a significantly faster growth rate over the forecast period. The intramuscular route of administration is a technique to deliver medications deep into the muscles. Muscles are rich in blood vessels, and hence, absorption of drugs is faster in intramuscular administration. Moreover, intramuscular injections are less invasive, can be done in less time, and have a large injection site (a muscle) compared to intravenous injections.
- Based on age group, the adult segment is expected to register a slower revenue growth rate as compared to the pediatric segment, as acute lymphoblastic leukemia is less common in adults. According to the American Cancer Society, about 4 out of every 10 cases of ALL are in adults. Thus, the adult segment is expected to register a slower growth rate over the forecast period.
- Based on distribution channel, the hospital pharmacy segment is expected account for largest revenue share during the forecast period. Increasing prescription of medications at hospitals due to more frequent diagnoses at these institutes is driving revenue growth of this segment.
- Asia-Pacific market is expected to register a robust revenue CAGR throughout the forecast period. In developing countries, such as India, China, Malaysia, and Indonesia, there is increasing prevalence of acute lymphoblastic leukemia and lymphoblastic lymphoma, which is expected to drive revenue growth of this market. Furthermore, increasing research & development activities in the region are expected to boost market revenue growth over the forecast period. In March 2021, the Indian Institute of Technology, (IIT) Indore, India developed a new asparaginase side effects drug by using the protein engineering approach, to treat acute lymphoblastic leukemia with fewer side effects.
Top Players in the Global asparaginase side effects Market:
Jazz Pharmaceuticals (Ireland), Medac GmbH (Germany), Taj Pharmaceuticals Ltd. (India), LGM Pharma (U.S.), Actiza Pharmaceutical Pvt. Ltd. (India), Gennova Biopharmaceuticals (Emcure Pharma) (India), Kyowa Hakko Kirin Co., Ltd. (Japan), Merck (Germany), Servier Pharmaceuticals LLC (France), and Novus Biologicals LLC (U.S.).
The coronavirus pandemic has had a drastic impact on the global healthcare industry, with rising cases of COVID-19 worldwide, substantially growing hospital admission and readmission rates, and rising demand for telehealth and telemedicine services for remote patient monitoring. Furthermore, rising focus on development of rapid COVID-19 diagnostics such as the RT-PCR test kits, increased government funding for vaccine development, stringent regulatory norms and protocols for COVID-19 safety, and increasing sales of COVID-19 safety equipment, such as N-95 masks, face shields, PPE kits, and hand sanitizers, have driven the global pharma & healthcare industry revenue growth over the recent past.
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asparaginase side effects Market Segmentation:
Source Outlook (Revenue, USD Million, 2019 – 2030)
- Erwinia Chrysanthemi
- Escherichia Coli
Application Outlook (Revenue, USD Million, 2019 – 2030)
- Acute Lymphoblastic Leukemia (ALL)
- Lymphoblastic Lymphoma (LBL)
Route of Administration Outlook (Revenue, USD Million, 2019 – 2030)
- Intramuscularly
- Intravenously
Age Group Outlook (Revenue, USD Million, 2019 – 2030)
- Pediatric
- Adult
Distribution Channel Outlook (Revenue, USD Million, 2019 – 2030)
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Global asparaginase side effects Market Report: Regional Segmentation
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- U.A.E.
- South Africa
- Rest of MEA
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Global asparaginase side effects Market: Table of Contents
Chapter 1. Methodology & Sources
1.1. Market Definition
1.2. Research Scope
1.3. Methodology
1.4. Research Sources
1.4.1. Primary Sources
1.4.2. Secondary Sources
1.4.3. Paid Sources
1.5. Market Estimation Technique
Chapter 2. Executive Summary
Chapter 3. Key Insights
Chapter 4. Global Pharma & Healthcare Market Segmentation
4.1. Global Pharma & Healthcare Market COVID-19 Impact Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers’ analysis
4.2.3. Market restraints analysis
4.3. Technological Insights
4.4. Porter’s Five Forces Analysis
4.5. Regulatory Framework
4.6. Price trend Analysis
4.7. Competitive Metric Space Analysis
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Frequently Asked Questions Answered in the Report:
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